Correlation Between GENTING SG and TSOGO SUN

Can any of the company-specific risk be diversified away by investing in both GENTING SG and TSOGO SUN at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining GENTING SG and TSOGO SUN into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between GENTING SG LTD and TSOGO SUN GAMING, you can compare the effects of market volatilities on GENTING SG and TSOGO SUN and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in GENTING SG with a short position of TSOGO SUN. Check out your portfolio center. Please also check ongoing floating volatility patterns of GENTING SG and TSOGO SUN.

Diversification Opportunities for GENTING SG and TSOGO SUN

0.0

Correlation Coefficient

GENTING SG  TSOGO SUN

Pay attention - limited upside

The 3 months correlation between GENTING and TSOGO is 0.0. Overlapping area represents the amount of risk that can be diversified away by holding GENTING SG LTD and TSOGO SUN GAMING in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on TSOGO SUN GAMING and GENTING SG is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on GENTING SG LTD are associated (or correlated) with TSOGO SUN. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TSOGO SUN GAMING has no effect on the direction of GENTING SG i.e., GENTING SG and TSOGO SUN go up and down completely randomly.

Pair Corralation between GENTING SG and TSOGO SUN

If you would invest (100.00) in GENTING SG LTD on May 17, 2025 and sell it today you would earn a total of  100.00  from holding GENTING SG LTD or generate -100.0% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Flat
Strength	Insignificant
Accuracy	0.0%
Values	Daily Returns

GENTING SG LTD  vs.  TSOGO SUN GAMING

GENTING SG LTD

Risk-Adjusted Performance

Weak

Over the last 90 days GENTING SG LTD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable basic indicators, GENTING SG is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholders.

TSOGO SUN GAMING

Risk-Adjusted Performance

Weakest

Over the last 90 days TSOGO SUN GAMING has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Stock's basic indicators remain nearly stable which may send shares a bit higher in September 2025. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

Pair Trading with GENTING SG and TSOGO SUN

The main advantage of trading using opposite GENTING SG and TSOGO SUN positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if GENTING SG position performs unexpectedly, TSOGO SUN can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in TSOGO SUN will offset losses from the drop in TSOGO SUN's long position.

The idea behind GENTING SG LTD and TSOGO SUN GAMING pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.